Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


July 04, 2015 4:36 AM ET

Energy Equipment and Services

Company Overview of AKOFS Offshore AS

Company Overview

AKOFS Offshore AS provides vessel-based subsea well construction and intervention services to the oil and gas industry. It offers riser based well intervention services that include slickline and electric line well intervention, coiled tubing well intervention, well testing and well clean-up, and well stimulation and pumping; and riserless well intervention services that include well logging, light perforating and zone isolation, and plug setting and removal. The company also provides subsea intervention and construction services; light drilling services that include through tubing drilling with coil and downhole motor, and through tubing rotary drilling with slim pipe and system for managed...

Karenslyst Allé 57

Oslo,  0277

Norway

Founded in 2006

Phone:

47 23 08 44 00

Key Executives for AKOFS Offshore AS

Chief Executive Officer and President
Age: 52
Chief Financial Officer
Senior Vice President of Operations
Age: 59
Regional President of North America
Age: 51
Vice President of Project & Technology
Compensation as of Fiscal Year 2015.

AKOFS Offshore AS Key Developments

AKOFS Offshore Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015

AKOFS Offshore reported unaudited earnings results for the first quarter ended March 31, 2015. For the first quarter, the company reported operating revenue and other income of NOK 168 million compared to NOK 394 million a year ago. LBITDA was NOK 24 million compared to EBITDA of NOK 41 million a year ago. LBIT was NOK 109 million compared to NOK 39 million a year ago. CAPEX and R&D capitalization was NOK 967 million compared to NOK 2 million a year ago.

AKOFS Offshore Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

AKOFS Offshore reported unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported operating revenue and other income of NOK 256 million compared to NOK 428 million a year ago. EBITDA was NOK 51 million compared to NOK 83 million a year ago. LBIT was NOK 21 million compared to EBIT of NOK 2 million a year ago. For the full year, the company reported operating revenue and other income of NOK 1,542 million compared to NOK 906 million a year ago. EBITDA was NOK 175 million compared to NOK 7 million a year ago. LBIT was NOK 1,117 million compared to NOK 640 million a year ago. CAPEX and R&D capitalization was NOK 46 million.

Aker Oilfield Services Wins $465 Million Contract from Petrobras

A subsidiary of Aker Solutions won a $465 million contract for work off the coast of Brazil. Subsidiary Aker Oilfield Services secured the five-year contract from Brazilian energy company Petrobras. The Norwegian company said a support vessel in a shipyard in Norway will be converted for deep water operations under the terms of the contract. The vessel will be used to help install and retrieve equipment used to recover oil from fields off the Brazilian coast. The contract begins in the fourth quarter of 2016.

Similar Private Companies By Industry

Company Name Region
Subsea 7 Petrel AS Europe
Nordic Energy Services AS Europe
Yinson Production AS Europe
Tideway BV (Norway) Europe
Sub Sea Services As Europe

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact AKOFS Offshore AS, please visit www.akofsoffshore.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.